Bybit Lists StraitsX USD (XUSD) and Launches XUSD HODLverse With 60,000 XUSD in Rewards
DUBAI, UAE, Sept. 11, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced the listing of StraitsX USD (XUSD) on its platform alongside the launch of XUSD HODLverse, a new campaign offering users the opportunity to share a total of 60,000 XUSD in rewards by holding Mantle (MNT) or XUSD.
The event runs from Sept. 10, 2025, at 10 a.m. UTC through Sept. 16, 2025, at 11:59 p.m. UTC. The campaign will allocate 35,000 XUSD to MNT holders and 25,000 XUSD to XUSD holders.
Users can get rewards by keeping MNT or XUSD in the Bybit account during the event. Rewards will be calculated from daily snapshots of participants' balances taken at random times during the campaign period. Allocations will be based on the proportion of each user's holdings relative to the total amount held by all eligible participants.
The launch of the campaign follows Bybit's listing of StraitsX USD (XUSD) on its Spot trading platform, with the XUSD/USDT pair made available in the Main Trading Zone on Sept. 10, 2025.
XUSD, issued under the Monetary Authority of Singapore's Single Currency Stablecoin Framework, is a fully backed USD stablecoin that has already surpassed $1.5 billion in on-chain transactions, underscoring its growing adoption in global payments and digital finance.
As part of the StraitsX stablecoin suite—which also includes XSGD and XIDR—XUSD is designed to advance digital payments, drive real-world utility, and provide developers with a trusted infrastructure for building blockchain solutions. Its regulatory assurance, government recognition through initiatives such as Project Orchid, and regional presence across APAC, MENA, and Latin America make it a unique player in the global stablecoin market.
Risk warning: Cryptocurrency trading involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. Bybit does not accept any liability or responsibility for any losses resulting from trading on our platform.
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About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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